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20121201
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greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the presiden needs to get involved. neil: the language changed little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years, that republicans are losing their verve. some more conservative members ve said we lost an election but we did not los everything that we stand for, yet, everything i hear talked about, are concessions on part of the repu
't like them to save the country from becoming greece but i'm not going to set aside the 1.2 trillion in cuts. any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made as soon as. to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a good day. i like simpson-bowles. the president is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike that, is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the
or any american congress borrow anymore money until with fix this country from becoming greece. that requires significant entitlement reform to save social from bankruptcy and medicare from bankruptcy. social security is going bankrupt in about 20, 25 years. medicare is going bankrupt in 15 or 20 years. the baby boomers are coming in at 10,000 a day. and we just can't scene this. martha: president last week said we'll not play that game. last time around they wouldn't let the debt ceiling go up, i tell you right now, something to this effect we will play that game. >> we will play that game, mr. president. that is not a game. the game you're play something small ball. you're talking about raising rates on top 2% that would run the government for 11 days. you got reelected. how about doing something big that is not liberal? how about doing something big that is bipartisan. every big idea he has is a liberal idea that drowns us in debt. how been maing up, mr. president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o'n
. because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporting a system that has led to no jobs in that state? the state is bankrupt. it is detroit. you don't -- >> next question. is michigan a preview of coming attractions for america because of democratic policies? because that is the outcrop of what happened in michigan. >> we have a series of greeces around the country. and one piece of good news is probably the first state to go bankrupt is california. california is so left wing, they could never elect a republican governor. neither republicans or democrats have an incentive to bail it out so i don't think we will see a federal bailout. fortunately california will go first and probably not michigan. >> ann coulter, great to he sue. >> last show of the year. see you next year, sean
thinks an electrical problem sparked it. greece, thousands of people turning out in athens to donate food, clothing and toys to families in need. and nations called, i care, i share, and local stations struggling to meet basic needs. the unemployment in greece right now. 26%. israel, christmas coming early to jerusalem. >> merry christmas and happiness and peace. happy holidays! >> santa claus walking through the old city, calling on commission residents to pick up free christmas trees. tens of thousands of pilgrims visit jerusalem every year and during the holiday season it's second in tourism to the west bank city of bethlehem where jesus was born. peru, dogs dressing up, putting on the dog. and posing for a picture with st. nick. and in lima, offering a new line of festive outfits for the four-legged friends and chihuahuas in custom gear all to make the holiday extra special and that's a wrap on this fox trip around the world in 80 seconds. >> well, i guess you could say it's christmas eve eve and thousands of shoppers are packing the stores in search of the last minute bargains or bet
energy out of houston of the israel is cutting cypress and greece in on the deal. there was some confusion or some conflict as to who's exclusive economic zone these gas fields were in. israel got ahead of the conflict and cut greece and cypress into the deal so that they would be partnering with israel to exploit these fields rather than competing with israel. sandra: rapidly developing story. to put it in nato secretary-general rasmussen's words, i think now it is only a matter of time. so we'll continue to follow that story. thanks so much for joining us tonight, chris harmer. >> thank you, pressure sandra. pleasure to be here. sandra: handouts to the wind industry have gone so well so why not give them tens of millions more? notice sarcasm out there. they want to build a wind farm completely out ad sea. are think out to lunch? >>> how rising temperatures are threatening to burr i the multibillion-dollar industry. that's coming up. do you ever have too much money? ♪ . copd makes it hard to breathe, but with advai i'm breathing better. so now i can be in the scene. advair is
continues on. tom, likely they will get less. the pensions in greece were guaranteed by the government, ma were cut as much as 35%. so, when you have government intervene shin in whainterventia private market enterprise, the public get hurt. like all of these safety net programs, the entitlement programs, once the seed is planted, they are almost impossible to get rid of, and left with a multibillion dollar deficit like in this case. tom: fha, we got into the mortgage mess because people had no skin in the game to a greatic tent, no money down, little money down, 1% be 3%, that is what the fha is still doing, making loans with almost no money down. why do you not expect a problem? >> we have got a problem. in my opinion, we got into housing crisis because of government, and as the administration takes laps about their successful bailout of general motors, that we lost billions of dollars o as taxpayers, we still have fharc, ha and fannie and freddie. tom: it is both of them are amazing. when it comes to fha, how -- this could take years to work this without, like you said, fannie and fredd
the country from becoming greece. >> that was republican senator lindsey graham laying the blame for the fiscal cliff failure on president obama. democrats think otherwise. let's bring in karsz bass. thanks for being here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say the president has not been willing to compromise. republican congressman from ohio on cnn this morning said the president has to act on spending before there can be a deal. let's listen to that. >> where the president has not been serious is the other side of the equation. he is all about taxes and has this mandate on taxes but the spending cuts, the need to get us out of this mess, he hasn't been seri
of diplomacy helped broker a cease-fire. number three, in europe greece was the problem child that spent too much, save nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes as their weary government begs for more cash. europe's leaders including the new french president committed to save the euro. it lives on, but for how long? number two. the deadliest month to date as the assad regime intensified its use of air power. >> one of the questions most asked in 2012, was how much longer can this man hold on to power? assad was under intense pressure to step down. but his regime stepped up the fire power against the opposition. civilians caught in the crossfire. more than 40,000 people have died so far. >> this is, yet, another bread line. >> the opposition fights on making more dramatic gains than ever and gaining pledges of additional support for the international community. number one -- she fought back from the brink of death after being attacked on a school bus. the taliban shocked. she
, greece. things are getting worse everywhere. the austerity measures, what austerityeasures? i got one. make a story. i'll make a bad bet. i n't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 0% since the recession. you can't find a job. 3 percent of them have jobs paying high-school wages. so you're right. it's not getting better, and again, we have the incompence in wasington making things worse. tom: but the numbers, you look at the numbers and you see those nu
at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> wellll, it's interesting. you k
and greece are also reported to want out. >> it costs to perform, and it costs to stage it. and what do you get back? bluntly a bunch of hoopla and a few pom-poms. it can be uplifting when the times are good. greece won it in 2005, but is it appropriate for the greeks to pump millions or billions in? i think austerity is one reason. but i think also the tone is another. is it right to be celebrating in spandex when your people are out on the streets? >> reporter: looking at some of the countries' economic scorecards, it's hardly surprising. greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >> the cost of staging has been mounting in recent years. russia put on
broke. we'll go the way of greece, and the president hasn't moved off that. he's still playing politics with these issues, and frankly i think most of us now don't care who gets the blame. we're concerned about our economy and about our paychecks. >> richard, senate minority leader mitch mcconnell took to the senate floor this afternoon and said despite the setback all is not loss. >> there's no situation that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> you know, so richard, here we are talking about this blame game, and everybody is pointing their fingers at one another as we've been hearing all afternoon. what do you think that republicans are looking for here? >> i heard the same "meet the press" interview that terry did. i didn't hear the president casting blame. what i heard was the president talking the ways in which he's gone more than halfway to the republicans' position on taxes, on spending. i think
seeing signs of stress again with the concerns about leadership in italy, and problems in greece, and should we pay attention to that than the fiscal cliff discussions? >> well, you know, right now, doesn't seem like the market is paying attention to that right now. it reminds me a lot of september, before the election, when the s&p's rallied. everything was con taped. we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market expecting from the fed? in what way will they be excited or disappointed? >> well, i think the market, if you look at the options market, the flows into the ten year treasuries, it's implying 85 billion per month. the reason
becoming greece. >> today, despite the president being in hawaii, the fiscal cliff is still on the agenda. kristen welker is with the president in honolulu. good day to you, kristen. what are you hearing there? >> reporter: alex, good morning to you. white house officials say this is very much a working vacation, no word if president obama has actually spoke on the congressional leaders at this point. i can tell you that conversations are going on at the staff level. but the reality is that the hard work, the final touches probably won't be put on these bills or this bill, rather, that they're hoping to get until lawmakers, the president, return to washington. and of course that won't happen until after the christmas holiday. this has a lot of people worried, alex, because as you say there's not a lot of time left to get a deal done. president obama, house speaker john boehner, were very close to getting a deal. president obama had given a little on entitlement reform, house speaker john boehner had given a lit until terms of agreeing to increase taxes. but they just couldn't get to the f
like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. note to the
for revenues including tax rate hikes although i don't like them to save the country from becoming greece but i will not set aside $1.32 million in cuts. >>reporter: if nothing happens by the end of the year taxes go up for everyone. >>heather: when do we get back to work on a fiscal cliff clear? >>reporter: shortly after christmas when speaker boehner and the president are back in washington. before leaving town, president obama scaled back his goals for the last few days of the year between now and new year's focusing on middle-class tax cut and extended unemployment benefits. he is holding out for higher tax on the wealthy. the supporters say that should come as in surprise. >> on taxes, i know it is hard for the republicans but the president ran on that platform, $250,000 and no taxes for people below and he won 60 percent of the voters saying they are for it including some republicans. >>reporter: senator lieberman, an independent from connecticut says it is looking likely we will go over the fiscal cliff. >>heather: thank you from washington, dc, steve. >>gregg: president obama spending t
in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped up the fire power against the opposition, civilians caught in the crossfire, more than 40,000 people have died so far. >> reporter: this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai. she survived, wake up in a british hospital and, according to her father, immediately asked for her school books. the world was gripped, moved and inspired by the story of one determined young girl facing do
seven early movers for you, high profits, but less money coming in in the packaging company, greece it's called. what's with the stock? it's up about 4%. the rare earth mining company molycorp ousted its chief executive officer. it's down a little. profits disappointing seismic equipment maker geospace, down and dupont buying back a billion dollars worth of its stock and it's up just a little. health insurer aetna expects higher profits next year, it's up. and microsoft has wrapped up production of its new surface tablet and it, too, moving higher in the early going, i own some microsoft stock. netflix says it needs many more subscribers to be profitable. nonetheless it's up. dow industrials are up 37. and news from berkshire hathaway coming in and it's-- okay, they've bought back 9200 of their class a shares from the estate of one of their shareholders. so they bought back 9200 shares there, the class a stock. that was the news, part of the news on which the halting of berkshire hathaway was based. okay? when they start trading again, nell pretty soon, we'll get a quote for you on tha
greece has gotten their fiscal house in order. >> 23 minutes past the hour your fox news minute and winter is here. severe winter weather across the midwest. blizzard conditions expected to disrupt travel plans for millions of americans that are heading out for the holidays, state from kansas to wisconsin and getting hit with massive amounts of snow and strong wind after several midwestern cities set records for the most consecutive days without any snow and a travel might barely getting worse as the weather system moved eastward. also newark, new jersey mayor cory booker-run for u.s. senate. the 43-year-old democrat breaking the news over twitter this morning, the sweet ending speculation over whether he would challenge chris christie next year, the new jersey republican whose approval rating had an all-time high after superstorm sandy. his second term as mayor ends in mid 2014. those your headlines. back to cheryl. cheryl: trying to get over those pictures oo the midwest. thank you very much. existing homes sales climbing at their fastest pace in three years of almost 6%, five
. you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with negative growth and nobody working. dennis: a lesson here. one last note on the fed. what is your concern there? >> pretty simple. the fed has raised the credit market. yield and price are not real. they are buying up trillions of dollars of these bonds and i'm worried about the day when the market no longer listens to them. the market has not been bigger than the fed over the last few years. of the market gets bigger than the fed, look out. yields should be much higher than where they are and if we ever get to that point there could be big trouble. a lot of investors are being forced into a lot of
a year. greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles away, hard at work, getting a former middle school ready for sandy hook students. all of this as the grim task of bearing so many young innocents gets underway. 10:00 in the morning funeral services begin for james mattioli. followed by services for jessica reek coast. -- rekos. a rabbi spoke about that service. >> being celebrated as a pure innocent child by the promise of life ahead of him. who brought joy to his family and to his community and who will be sorely missed. as his older brother said he could have been anything if he had grown up. this is tragedy that we have no answers for this. bill
nothing other than, quote, this is a quote, damn us to becoming greece. patti ann: what would it mean if lawmakers fail to strike a deal? according to the tax policy center, 90% of the americans would see a tax hike in 2013. 121 million people would pay more in payroll taxes. families making between 40 and $65,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have
Search Results 0 to 30 of about 31 (some duplicates have been removed)

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